Did high-taxes bring about the economic boom of the mid 20th century?
Yes
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No
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(5 Replies)
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3E Jay Chavez Nov 20, 2012
Jumped the Shark
No, high taxes did not bring about the boom. Hi taxes were insulated by WWII and the destruction of much of the developed world. Much like today's spendthrift leaders/money printers are insulated by turmoil around the world. The least dirty shirt helped drive growth, despite high taxes.
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0Luis Perez Jan 09, 2013
I completely agree, the US found itself after WWII with a world economy in shambles and one in which they were able to be very competitive and grow.
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1Luis Perez Nov 20, 2012
The largest reason for the economic boom was female participation in the labor force
Prior to WWII female participation in the labor force was very limited. In essence 50% of the population! However, this changed quickly during and after WWII, bringing to the economy a section of productive workforce.
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1Celeste Drake Nov 20, 2012
That's actually not true. Women did not enter the workforce in significant numbers until after the women's movement--their number really started to grow during the 80s and beyond through today. However, by the 80s, the shared prosperity wave had peaked, union density was already falling, income inquality was already on the rise, and productivity had already begun to decouple from wages. Female participation in the labor force was in fact the only thing that allowed many families to reach or stay in the middle class -- as men's wages for many families were no longer sufficient to keep up the desired standard of living without the supplement of the wive's wages. It did not cause the post-war boom.
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0Luis Perez Nov 20, 2012
Hi Celeste,
According to this report (http://www.ppge.ufrgs.br/giacomo/arquivos/eco02268/jacobsen-1999.pdf) female labor participation rate was ~20% in 1930. It rose to 50%+ by the end of the 1970's. From 1980 to the turn of the century it rose an additional 10% to about 60%, and it currently stands at about 58% (http://en.wikipedia.org/w/index.php?title=File:US_Labor_Participation_Rate_1948-2011_by_gender.svg&page=1).
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2Luis Perez Nov 20, 2012
Higher taxes led to a more equitable distribution of wealth
Higher taxes led to a more progressive distribution of wealth which put money into the pockets of individuals with a high likelihood to spend.
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0Ana Luisa Dec 06, 2012
The economy should be left to run alone. When the gov't starts playing a big role in the economy all the right economic incentives are destroyed. Further, if the gov't only supervised that property, liberty and individually are maintained, then there would be no need to seek for a more equitable distribution of wealth, because by preserving these three fundamental human rights equality would be at its highest. Rather than focusing on making society equal, the gov't should focus on ensuring everyone's individuality, property and liberty are equally honored.
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Discussion Stats
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- Arguments: 3
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- Reply added by Luis Perez on Wed Jan 09, 2013
- Reply added by Luis Perez on Wed Jan 09, 2013
- Reply added by Ana Luisa on Thu Dec 06, 2012
- Reply added by Luis Perez on Tue Nov 20, 2012
- Reply added by Celeste Drake on Tue Nov 20, 2012
- Discussion started by The Counterpoint on Nov 20, 2012
Yes
Higher taxes led to a more equitable distribution of wealth
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No
Jumped the Shark
1 Replies
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But we have don't have permission to:
The largest reason for the economic boom was female participation in the labor force
3 Replies
Reply in: Support Dispute
But we have don't have permission to: